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Nonprofit · EIN 03-0605701

NASIM FOUNDATION

Tax-exempt · ALLEN, TX 75013

Financials

$406K$02023$1.2M$524K2024
Revenue Expenses · by fiscal year end
Financials of NASIM FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,192,751$523,539$669,212$813,641$0$813,641
December 31, 2023990 (amended)$406,208$0$406,208$208,890$0$208,890
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,192,751
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$492,048
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$700
Program services (functional)
$497,002
Fundraising (functional)
$26,537

Balance sheet and other

Total assets, start of year
$208,891
Total assets, end of year
$813,641
Total liabilities, end of year
$0
Net assets, end of year
$813,641
Gross receipts
$1,192,751
Employees
0
Year formed
2009
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
YAFOOR HUSSAINPRESIDENT
Officer
2$0
RUMAN KHANTREASURER
Officer
2$0
ANJUM RAHIMANVICE PRESIDENT
Officer
2$0
AKRAM SYEDTRUSTEE
Trustee or director
0$0
NAVED SYEDTRUSTEE
Trustee or director
2$0
TAIYAB KUNDAWATRUSTEE
Trustee or director
2$0
AMEENA TAHERSECRETARY
Officer
2$0
AHMED QUADRIBOARD MEMBER2$0
AZHAR BUKHARIBOARD MEMBER2$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
YAFOOR HUSSAINPRESIDENT
Officer
2$0
RUMAN KHANTREASURER
Officer
2$0
ANJUM RAHIMANVICE PRESIDENT
Officer
2$0
AKRAM SYEDTRUSTEE
Trustee or director
–$0
NAVED SAYEDTRUSTEE
Trustee or director
2$0
TAIYAB KUNDAWALATRUSTEE
Trustee or director
2$0
AMEENA TAHERSECRETARY
Officer
2$0
AHMED QUADRIBOARD MEMBER2$0
AZHAR BUKHARIBOARD MEMBER2$0

Address and contacts

Address (IRS master file)
507 LAKEWAY DR, ALLEN, TX 75013-3414
Principal officer (990 for 2024)
YAFOOR HUSSAIN, 507 LAKEWAY DRIVE, ALLEN, TX 75013
Signed the 990
YAFOOR HUSSAIN, PRESIDENT
Phone
(469) 386-7350
Return prepared by
AMNA PARYANI CPA PC

Mission

WORKING TO FOSTER INCLUSIVENESS, INCREASE EDUCATION, STRENGTHEN COMMUNITY AND HELP GENERATIONS OF UNDERPRIVILEDGED MINORITIES

990 for the year ended December 31, 2024

Program accomplishments

  • WORKING TO FOSTER INCLUSIVENESS, INCREASE EDUCATION, STRENGTHEN
    Expenses $523,539 · grants $523,539 · revenue $1,192,816

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
03-0605701
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2007
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$813,641
Income (IRS master file)
$1,192,751

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,192,751$523,539$813,641XML
990December 2023$406,208$0$208,890XML
990December 2022$372,398$321,564$254,218IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 03-0605701).

Questions about NASIM FOUNDATION

What is the EIN of NASIM FOUNDATION?
The employer identification number (EIN) of NASIM FOUNDATION is 03-0605701.
Is NASIM FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
Are donations to NASIM FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NASIM FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NASIM FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NASIM FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NASIM FOUNDATION?
The 990 for the year ended December 31, 2024 names YAFOOR HUSSAIN.
Who are the officers and directors of NASIM FOUNDATION?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does NASIM FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,192,751, expenses of $523,539 and total assets of $813,641 at year end.

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